Singapore Stock Market News
DBS Group - Income growth target seems like a tall order
StockFanatic
Publish date: Fri, 03 Aug 2018, 12:47 PM
StockFanatic
0 10,452
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
■ NII +4.5% qoq to S$2.22bn. NIMS was up 2bp qoq to 1.85%. Loan growth was +3% qoq (1Q18: +1.6% qoq), mainly non-trade and from HK and Singapore.
■ Fees were down 5% qoq as wealth management shrank 9% qoq but offset by stronger cards (+10% qoq). ROE was 11.8% vs. 1Q18's 13.1% (1H18: 12.5%).
■ Even the best bank cannot fight against market headwinds. With lower loan growth and trading income, we think the guided "double-digit" income growth is a tall order.
■ Downgrade to Hold with a lower GGM TP of S$28 (lowered ROE from 14% to 13%). The strong capital position CET1 ratio at 13.6% leaves room for dividend upside. Read More
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on Singapore Stock Market News
Market Commentary: Record highs on trade, vaccine developments
Created by StockFanatic | Aug 26, 2020
Market Commentary: Record highs on trade, vaccine developments
Created by StockFanatic | Aug 26, 2020
Market Commentary: Data help US market end week on a high note
Created by StockFanatic | Aug 24, 2020
Market Commentary: Data help US market end week on a high note
Created by StockFanatic | Aug 24, 2020
Market Commentary: And they are back, with S&P within inches of record high close
Created by StockFanatic | Aug 13, 2020
Market Commentary: And they are back, with S&P within inches of record high close
Created by StockFanatic | Aug 13, 2020
Market Commentary: US negotiations over stimulus continue amid diplomatic tensions
Created by StockFanatic | Aug 11, 2020
Market Commentary: US negotiations over stimulus continue amid diplomatic tensions
Created by StockFanatic | Aug 11, 2020
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
THE SINGAPOREAN INVESTOR
Investing in Singapore's Hospitality Scene: A Look at the 5 Listed REITs
2
RHB Investment Research Reports
Food Empire - Expanding Ingredients Capability in Vietnam; BUY
3
Collin Seow Remisier Blog
4
RHB Investment Research Reports
ST Engineering - Rolling Forward Our Valuation; Reiterate BUY
5
CEO Morning Brief
Singapore Home Sales Set for Worst Year Since Financial Crisis
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
